Your daily dose of financial news - The Brief – 9.22.16

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Robins Kaplan LLP

As most expected, the Fed held rates steady yesterday. Though its divided FOMC and Chair Yellen’s comments about an improving economy seem to portend a rate hike before the end of the year – NYTimes and WSJ

The SEC has filed a civil complaint against Leon Cooperman and his Omega Advisors for alleged insider trading over $4 million in profit derived from nonpublic information about a 2010 energy deal – WSJ

Cooperman, it seems, will not be taking it lying down – NYTimes and Bloomberg

Anthem to Cigna and vice versa: it’s all your fault – WSJ and Bloomberg

SDNY Judge Lorna Schofield kicked a few counts but largely left intact investors’ claims against big banks over their alleged conspiracy to manipulate Forex transactions – Law360

An early version of this weekend’s Fair Game column sees Gretchen Morgenson finding echoes of the alleged foreclosure abuses involving Wells in the years since the Great Recession – NYTimes

How scientists are using the latest technology in “virtual unwrapping” to read 2000-year-old charred Dead Sea scrolls containing huge swaths of text from Leviticus – NYTimes and WSJ


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